Last Update: 06/27 2017 06:00 JST

Business and Economy

Selected stories from Japan's leading economic news service

This section provides selected stories from Nikkei Asian Review, a subscription-based English news service of Nikkei, Inc. Please click on the above logo to find more details.

  • Rakuten, KDDI breaking into Japan's home-sharing market 06.26.2017

    With Japan passing a new law that legalizes home-sharing, Rakuten and KDDI are among a host of companies entering a business that is rich with growth potential. On June 9, the Diet passed a home-sharing law that allows private homes to be rented as lodging facilities. Under the new law, expected to take effect as early as January, anyone will be allowed to get into the business, known as minpaku in Japan, as long as the homeowner files the necessary papers with the prefectural government and the brokerage registers with the Japan Tourism Agency. >>

  • Mitsubishi Estate's new fund to target greater Asia 06.26.2017

    Mitsubishi Estate will launch a fund to invest in office buildings and commercial facilities in Asia and Australia, with the goal of managing 200 billion yen [$1.79 billion] in assets in four years. The Tokyo-based real estate developer has set up a joint venture with a unit of Hong Kong investment bank CLSA. The venture will select properties and manage the fund -- the first Asian real estate investment fund created by a major Japanese real estate company. >>

  • Tokyo governor takes both sides on Tsukiji relocation 06.26.2017

    The governor's new plan to both relocate Tokyo's famed Tsukiji wholesale market and redevelop the existing site into a food "wonderland" chases two seemingly contradictory objectives -- at a potentially draining financial cost.>>

  • LaLaport Kuala Lumpur mall breaks ground 06.26.2017

    Mitsui Fudosan, Japan's largest integrated developer, broke ground on Tuesday, June 20 on the Mitsui Shopping Park LaLaport Kuala Lumpur, one of Southeast Asia's largest retail spaces under development. The mall is being constructed in the city center on the site of Pudu Prison, a colonial era facility demolished as part of a government growth drive. Mitsui Fudosan is using operations overseas as a growth engine, and 550 billion yen [$5 billion] is being invested over a three-year period up to 2017 in the Americas, Asia, and Europe. >>

  • Will casino resorts be Japan's post-Olympics tourism savior? 06.26.2017

    Japan is counting on a big tourism bump from the 2020 Tokyo Olympics, but the government wants to keep the numbers growing even after the sporting bonanza is over. One possible solution, it hopes, is by opening so-called integrated resorts -- leisure facilities that combine casinos, hotels, shopping centers and more under one roof. Encouraged by the overseas success of these resorts, Tokyo hopes to bring some of that magic back home. >>

  • Japan Post likely to call off Nomura Real Estate purchase 06.19.2017

    Japan Post Holdings is expected to scrap talks for the acquisition of Nomura Real Estate Holdings as the two companies struggle to agree on terms. The talks initially were reported in May, but the postal group recently stopped appraising Nomura Real Estate's assets. >>

  • Japan to tidy up scattered property records 06.16.2017

    Japan intends to make its sprawling government real estate databases more useful by consolidating data to clarify ownership, particularly of the growing number of vacant homes and lots, and encourage sales and redevelopment.>>

  • Abe's big gamble on casinos 06.16.2017

    The administration of Japanese Prime Minister Shinzo Abe is stepping up its drive to open Japan's first legal casino as part of its economic growth strategy. At the end of last year, the country's parliament enacted a controversial bill to allow casino gambling at "integrated resorts," which would include hotels, shopping and conference facilities. >>

  • Mitsubishi Estate bulking up European ops beyond UK 06.16.2017

    Mitsubishi Estate is stepping up property development in Europe with the purchase of its first German office building in Munich, a move aimed at reducing reliance on American subsidiary Rockefeller Group. Including property slated for completion in 2019, Mitsubishi Estate has nine office buildings in London and one in Paris. It has focused operations on the U.K. after acquiring British real estate investment firm Europa Capital. But now with the U.K. leaving the single European market, Mitsubishi Estate is expanding throughout the continent. >>

  • Japan turns empty homes into accommodations for tourists 06.16.2017

    Six startups in western Japan's Osaka Prefecture are set to launch a project on Thursday to refurbish vacant houses in the city of Osaka's Nishikujo district and operate them as guest rooms catering to tourists as a way to revitalize the local economy and make up for a shortage of hotels. >>


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